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Rufina [12.5K]
3 years ago
7

A company borrows $25 000 to buy new equipment. The loan is to be repaid in five equal annual payments. If the interest rate is1

0%, how much are each of the payments? " $3 238 $6 595 $5 500 $6 222
Business
1 answer:
REY [17]3 years ago
7 0

Answer:

Each payment is of $6595

Explanation:

Amount borrowed by company= $25000

No. of installments = 5

Interest rate = 10%

We are supposed to find how much are each of the payments

Formula : Amount =I (\frac{1-\frac{1}{(1+r)^n}}{r})

I = installment

r = rate of interest

n = No. of installments

So, 25000 =I (\frac{1-\frac{1}{(1+0.1)^5}}{0.1})\\\frac{25000}{(\frac{1-\frac{1}{(1+0.1)^5}}{0.1})}=I\\6594.93=I

So, Each payment is of $6595

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Creative Sound Systems sold investments, land, and its own common stock for $37.0 million, $14.3 million, and $38.6 million, res
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Answer:

$18.3 million

Explanation:

Financing activities: It includes those activities which comes under the long term liabilities and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption, dividend, and the purchase of treasury stock is an outflow of cash.

The computation of the amount reported as a net cash flows from financing activities is shown below:

Cash flow from Financing activities  

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Less: Purchase of treasury stock -$20.3 million

Net Cash flow from Financing activities           $18.3 million

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3 years ago
LO 1.1Which of the following is false regarding strategic planning?
Studentka2010 [4]

Answer:

It is the sole responsibility of supervisors.

Explanation:

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Strategic planning can span for years.

The strategic goals would vary from company to company because the aims and objectives of companies differ.

I hope my answer helps you.

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3 years ago
The criteria for white-collar crime can include ______ elements criminology
Angelina_Jolie [31]
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The answer to the question is attached with the document.

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